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12/31/12Last Day of the Year (Random Roger's Big Picture)

Jason Zweig had a writeup over the weekend about dividends that covered a lot of ground including an interesting point of view from the CEO of Diamond Offshore (DO) who talked about the extent to which dividends reward shareholders (we've all heard that one before) as opposed to stock buybacks which he said rewards the people selling which is a different way to articulate it. There is of course some benefit to existing shareholders from stock buybacks but this particular CEO seems to really...

9/21/11(DO) Diamond Offshore Drilling Analyst Maintains Shares at Neutral (Stock Blog Hub)

We have maintained our Neutral recommendation for Diamond Offshore Drilling Inc. (DO) given its solid fundamentals and financial disciplines, partially mitigated by stringent regulations as well as the lingering effects of the Gulf of Mexico (GoM) drill ban and related U.S. policies. Texas-based Diamond Offshore is a major contract driller, providing comprehensive offshore drilling services to [...]

2/7/11This Driller Looks Compelling (Penny Stock DD)

For the U.S. energy industry, the question at hand is the pace at which drilling activity will return to normal in the Gulf of Mexico, given the lingering effects of April's BP (NYSE: BP) and Transocean (NYSE: RIG) tragedy. Not surprisingly, when the industry's second-largest deepwater driller, Houston-based Diamond Offshore (NYSE: DO), reported [...]

10/22/10Diamond Offshore Surveying 8 Rigs In 2011 (Benzinga)

Sterne Agee has published a research report on Diamond Offshore Drilling (NYSE: DO) as it crafts its weigh-in on 2012 EPS and adjusts estimates. In the report, Sterne Agee writes "4Q10 costs guidance of $380 – $390 million, largely due to deferred costs from 3Q10 guidance. Drilling costs came in at $349 million, flat with the prior quarter and below the $380 – $390 million guidance. Delayed survey work on the Spur and Winner accounted for $14 million, delayed startups in Brazil for the...

10/13/10市場亟需回調整理 (Capital Essence's Investment Blog- 錢途集團 » Page not found)

標普500指數的日線圖價格形態顯示市場即將進入一輪整理行情。不過總體技術面依然看漲,預計標普在回調至1150點附近時將吸引買家入場。

9/16/10Anadarko Tries Force Majeure Claim On Diamond Offshore (Benzinga)

Anadarko Petroleum (NYSE: APC), one of the largest U.S. independent oil and natural gas producers, canceled a contract with drilling services provider Diamond Offshore (NYSE: DO) for a rig in the Gulf of Mexico, claiming force majeure due to the government's moratorium on deepwater drilling in the Gulf. Anadarko has sought a judgment in federal court in Houston confirming that its cancellation of the pact is warranted, according to the Wall Street Journal. Diamond Offshore said Anadarko...

9/15/10Pritchard Capital Lowers EPS Estimates on Diamond Offshore, Shares Sink (DO) (Benzinga)

Pritchard Capital Partners is lowering its EPS estimates on Diamond Offshore Drilling (NYSE: DO) due to increased downtime this quarter. Downtime increased 94 days or about 16%. The issue appears to be maintenance and start-ups in Brazil as its two new builds will be down 41 more days than expected along with two deepwater semis likely down for 27 days for maintenance, reports a Pritchard Capital analyst. Pritchard Capital is lowering their Q3 EPS estimate by 9 cents to $1.35 while...

7/8/10(DO) Diamond Offshore Sells Ocean Shield to Ensco plc (Stock Blog Hub)

Offshore driller Diamond Offshore Drilling Inc. (DO) disposed of its 350-feet high-specification jackup Ocean Shield to Ensco plc (ESV) for $186 million in cash, reflecting the company’s intention to utilize the cash in the deepwater drilling assets. The sale of Ocean Shield also reveals drilling contractors’ interest in deepwater investments, despite a cloudy drilling scenario due [...]

7/6/10(DO) Diamond Offshore Drilling Analyst Upgrades to Neutral (Stock Blog Hub)

Amid near-term uncertainties associated with the deepwater Gulf of Mexico (GoM) drilling moratorium, we upgrade Diamond Offshore Drilling Inc. (DO) to Neutral from Underperform, reflecting its leverage to the global deepwater markets, attractive yield and solid backlog position. During the first quarter of 2010, the company signed 14 new contracts totaling approximately $1.5 billion in backlog. [...]

6/8/10CAUTION: Envirowhackjobs On The Loose? (Gold Stocks Today)

Market Ticker - Karl Denninger View original article June 08, 2010 07:02 AM Reported by Bloomberg, CNBS, and everyone else - without first checking the facts: [INDENT] [/INDENT] They then present the following video: Yes, there's a leak there. But there is neither a cover-up or anything new related to this. From the MMS via NOLA: [INDENT] The other, the Diamond Ocean Saratoga, is operated by Taylor Energy, which has been in the process of plugging and abandoning a...

4/16/10Bookkeeping: Closing Diamond Offshore Drilling (DO) (Fund my Mutual Fund)

I don't know what is wrong with the oil services sector but as I mentioned yesterday in the "solar and dry bulk shippper" piece, every 'growthy' type of sector had now experienced a rally these past 2 months except for the oil services.  Not just drillers, but the whole ecosystem has done very little.  Even when oil was jumping we saw big moves in the E&P names, but not services.... I don't get it. After buying Diamond Offshore (DO) at the beginning of the month on what I thought was...

4/1/10Bookkeeping: Adding to Atheros Communications (ATHR); Starting Diamond Offshore Drilling (DO) (Fund my Mutual Fund)

Atheros Communications (ATHR) *might* be wanting to break out - after a strong morning where is jumped over it's own double top, it has pulled back from the day's highs.  For this move to be more reliable a close over $39.15 or so would be a positive.  For now, I will add a 1.25% allocation around $39.40 and see if the stock can follow through on the day.  Volume is actually quite solid (almost an entire day's action by 1 PM) so I am surprised by this intraday [relative]...

3/31/10(DO) Diamond Offshore – Bear of the Day (Stock Blog Hub)

We are downgrading our recommendation for Diamond Offshore (DO) shares to Underperform from Neutral. Though the recent contract awards by Brazil's Petrobras highlight the company's focus on building backlog, a tentative near-term outlook for contracting activity, declines in dayrates for new contracts, a weak utilization rate and the company's unfavorable cost guidance are likely to [...]

3/3/10(DO) Diamond Offshore Drilling Wins Major Contracts (Stock Blog Hub)

Diamond Offshore Drilling Inc. (DO), a major contract driller, has received notifications of award for three term drilling contracts from Petrobras (PBR) in Brazil. Excluding bonus and extensions, these contracts have a combined capacity to generate total revenue of approximately $1.4 billion and represent at least 11 years of contract drilling backlog. The contracts are for [...]

2/8/10New Purchase (In the Know:A Financial Blog by Michael E. Brisky)

Loews Corp. (L) reported earnings this morning, and I'll be listening to the call momentarily.  The numbers were pretty solid as operations continue to improve at CNA financial, which could really propel earnings in the next couple of quarters.  Diamond Offshore was off just a bit, as we found out late last week.  But overall, things are strengthening here as book value improved to $39.76.  I bought some shares this morning at $35.08 to get started. Here are the details from the...

2/4/10(DO) Diamond Offshore Drilling Misses Earnings Consensus Badly (Stock Blog Hub)

Diamond Offshore Drilling Inc. (DO) reported significantly weaker-than-expected fourth quarter 2009 results due to a severe contraction in utilization rate for jackups and high specification floaters. This was further aggravated by an increased income tax expense. Quarterly earnings were of $1.98 per share, well below the Zacks Consensus Estimate of $2.32 and the year-earlier earnings of [...]

10/27/09(DO) Diamond Offshore Drilling Keeps Special Dividend (Stock Blog Hub)

Diamond Offshore Drilling Inc. (DO) reported its third quarter earnings of $2.62 per share, compared to the Zacks Consensus Estimate of $2.28 and year-earlier earnings of $2.23. Total revenue of $908.4 million for the quarter increased marginally year over year, mainly driven by contribution from the deepwater rigs. Importantly, Diamond maintained its special cash dividend of [...]

10/22/09Diamond Offshore Reports Another Strong Quarter (In the Know:A Financial Blog by Michael E. Brisky)

Quick, name me a few companies that have grown revenue and net income year over year. Having trouble? Me too. Here's one. Diamond Offshore Drilling. I've written about them occasionally over the past few quarters. They operate in a very profitable industry, and to me are about the best in that industry. Here's a brief snippet from the release: Contract driller Diamond Offshore Drilling Inc. on Thursday said third-quarter earnings rose 17 percent as rising crude prices drove up demand...

8/19/09(DO) Diamond Offshore Drilling: Another Special Dividend (Stock Blog Hub)

Houston-based Diamond Offshore Drilling, Inc. (DO) has meticulously remained committed to returning excess cash to shareholders through special dividends. Since the beginning of 2006, in addition to its regular dividend the company has regularly been paying a special dividend. For the second quarter of 2009, Diamond declared a regular dividend of $0.125 and the 8th consecutive [...]

6/15/09Buy, Sell or Hold: Time to Take Profits on Diamond Offshore Drilling (NYSE: DO) (Contrarian Profits)

On Monday March 9, barely three months ago, I strongly recommended buying Diamond Offshore (NYSE: DO) as part of Money Morning’s “Buy, Sell, or Hold” feature.  Both the stock and the Standard & Poor’s 500 Index had both hit 52-week lows the Friday before.  But oil had already bottomed three weeks prior, and the lax fiscal and monetary policies of [...]

6/15/09Taking Profits on Diamond Offshore Drilling (NYSE: DO) (Jutia Group)

On Monday March 9, barely three months ago, I strongly recommended buying Diamond Offshore (NYSE: DO) as part of Money Morning’s “Buy, Sell, or Hold” feature. Both the stock and the Standard & Poor’s 500 Index had both hit 52-week lows the Friday before.  But oil had already [...]

6/15/09Buy, Sell or Hold: Time to Take Profits on Diamond Offshore Drilling (NYSE: DO) (Money Morning)

On Monday March 9, barely three months ago, I strongly recommended buying Diamond Offshore (NYSE: DO) as part of Money Morning’s “Buy, Sell, or Hold” feature. Both the stock and the Standard & Poor’s 500 Index had both hit 52-week lows the Friday before.  But [...]

4/23/09Strong Earnings From Offshore Drillers (In the Know:A Financial Blog by Michael E. Brisky)

Despite the global slowdown, strong results were reported today from two offshore drillers, Diamond Offshore (DO) and Noble Corp. (NE). First, lets take a look at Diamond. Diamond Offshore Drilling Inc, the world's second-largest contract oil and gas driller, reported a 20 percent jump in quarterly profit, boosted by gains from its floating rigs. Net profit climbed to $348.6 million, or $2.51 per share, from $290.5 million, or $2.09 per share, a year earlier, the company reported on...

4/22/09Diamond Offshore Drilling is a Good Oil Play (Domenic Strazzulla's Stock Blog)

Oil has fallen quite a bit from its July highs and so have practically all the companies in the black crack sector. Despite the large money flows out of the Texas Tea space, one oil company in particular has been catching my eye lately, Diamond Offshore drilling. Diamond Offshore drilling is the second largest renter [...]

3/9/09Buy, Sell, or Hold: Profit From the Projected Oil-Price Rebound With Diamond Offshore (Money Morning)

In the face of the global financial meltdown, the price of oil has plummeted from a record high of almost $150 a barrel in July to less than $40 recently. And now it seems to be bottoming. Clearly, this isn’t the precise moment to call a market bottom, but it is reasonable to think [...]

9/18/07August Update (Margin of Safety)

For the month of August the Model Portfolio’s return was 2.6% versus S&P 500’s total return of 1.5%. August was turbulent for the markets to put it mildly. The S&P went on a roller coaster ride and based on an intraday low was down to the tune of almost 6% from its July 31st close. We raised more cash by exiting out of the Tyco spin-off companies and divesting ConocoPhillips (NYSE: COP ) and Anheuser-Busch (NYSE: BUD ). The Tyco companies should do well in the long...


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